Bahrain-based Al Salam Bank has launched a virtual kiosk at the kingdom's leading integrated city, Diyar Al Muharraq, to serve those looking to own their dream home in the Deerat Al Oyoun housing project, under the Mazaya scheme. 

 

The announcement coincides with the launch of Phase Two of Deerat Al Oyoun and the bank’s exclusive financing offer. 

 

In addition to a grace period of up to 12 months for all applications submitted before May 15, the offer provides customers with a number of value-adding financing features including swift approvals for financing, zero down payment and administrative fees, alongside extremely competitive rates and a chance to win a cash prize worth six installments.

 

This comes in line with Al Salam Bank’s ongoing commitment to limit in-person interactions to curb the spread of Covid -19 in the kingdom as part of the Government directives, and as part of the Bank’s strategy to offer innovative digital banking solutions to its customers.

 

Al Salam Bank said those visiting the virtual kiosk set up at Diyar Al Muharraq will get to experience exceptional customer service, where agents will answer all inquiries regarding the Mazaya social housing programme, and the Deerat Al Oyoun project remotely, enabling any necessary documentation to be shared through a virtual interface.

 

In addition to its strategic location in close proximity to Dragon City and other tourism and commercial destinations, the residential villas within Phase Two, which spans a total built-up area of 227 sq m and land area of 205 sqm, are distinguished by four prominent categories, boasting Bahraini, Modern, Spanish and Mediterranean architectural designs. 

 

All the villas boast comprehensive features designed to meet the needs of a modern family, comprising 4 bedrooms and equipped with the latest facilities.

 

Minister of Housing Engineer Bassim bin Yaqoob Al Hamar said: "We are incredibly pleased to witness the broad participation of the private sector in implementing the government's strategies of providing adequate housing for the Kingdom’s citizens."

 

"The Mazaya social housing scheme is one of the truly unique and distinguished programs offered by the Ministry of Housing, which is being rolled out in collaboration with various key partners."

 

Group CEO Rafik Nayed said: "Al Salam Bank was the first bank to hand-over the inaugural villa within Phase One of Deerat Al Oyoun. Today, as we witness the successful launch of the second phase of this acclaimed project, we look forward to continuing our joint initiatives and active collaboration with the housing ministry and Eskan Bank."

 

Dr Khalid Abdulla, the General Manager of Eskan Bank, said: "We are honoured to continue our journey on this esteemed partnership with Al Salam Bank as part of the Mazaya social housing scheme, which resulted in multiple success stories, characterized by the ease and swiftness of the bank providing appropriate financing solutions to citizens seeking to benefit from the social housing scheme and financing services offered by the Ministry of Housing."

 

Deputy Group CEO Anwar Murad said: "This exclusive financing offer was launched in order to enable our customers under the Mazaya scheme to own their dream homes with ease, given they can receive financing up to BD120,000 ($316,338) with a payment period of up to 25 years, in addition to enjoying a myriad of exclusive benefits."

 

"Furthermore, we are providing our customers with the opportunity to redeem an equivalent of 6 Installments, along with the option of obtaining free points in the loyalty rewards program in exchange for the funding they will receive. This offer is a reflection of the Bank’s continuous commitment to meet the needs of our valued customers," he added.-TradeArabia News Service